Aurora, IL—60503
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Aurora, IL
As of Oct '25, the median home price in Aurora, IL is $408,000, with a year-over-year change of 4.5%. This indicates that home prices in Aurora, IL are increasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $408,000 | 4.5% |
| Single Family | $426,000 | 4.4% |
| Condos | $290,000 | 3.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $287,000 | 4.0% |
3 Bed | $369,000 | 3.1% |
4 Bed | $479,000 | 3.0% |
| 5 Bed | $522,000 | 3.2% |
% of Housing Stock
Rental Trends — Aurora, IL
As of July '25, Rentcast reports the average rent in Aurora, IL is $2,640, with a year-over-year rent change of 4.8%. Per bedroom, the median rent as of July '25 in Aurora, IL is 2-bedrooms: $2,380, 3-bedrooms: $2,760, 4-bedrooms: $3,420. The most common rental property sizes in Aurora, IL are 3-bedroom and 2-bedroom, accounting for 36.6% and 36.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,500 | $2,640 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $2,340 | $2,380 |
| 3 Bed Rent | $2,700 | $2,760 |
| 4 Bed Rent | $3,200 | $3,420 |
% of Rental Stock
Property Listings — Aurora, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Aurora, IL is 41. This is a increase of 29.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 10.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $460,000 | -1.0% |
Listing Count | 79 | -4.0% |
| Listings as % of Homes | 1.0% | -4.0% |
Days on Market | 41 | 29.0% |
Demographics — Aurora, IL
As of the latest ACS Survey released in 2023, Aurora, IL has a population of 16,900, which has remained stable by -0.6% over the past 5 years. Aurora, IL is a popular place for families, as children make up 27.8% of the population. The area has a highly educated workforce, with 56.6% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 25.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 16,900 | -0.6% |
% Under 18 | 27.8% | -15.8% |
% Seniors | 7.3% | 73.8% |
% WFH | 25.7% | 367.3% |
% w/ College Degree | 56.6% | 1.8% |
As of the latest ACS Survey released in 2023, Aurora, IL is a predominantly white area, with 48.7% of the population identifying as white. The white population has shrunk by 11.6% in the last 5 years. The second most common race or ethnicity in Aurora, IL is asian, making up 19.9% of the population. Foreign-born residents account for 22.1% of the population in Aurora, IL, and this percentage has increased by 21.4% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 48.7% | -11.6% |
% Black | 14.3% | 72.3% |
% Hispanic | 13.6% | -27.3% |
% Asian | 19.9% | 26.8% |
% Foreign Born | 22.1% | 21.4% |
Mortgage and Risk — Aurora, IL
According to HUD data as of 2023, there were 106 mortgage originations in Aurora, IL, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Aurora, IL. Investor activity is low, as 2.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 106 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Aurora, IL
Aurora, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 56 |
Total Units Section 8 | 56 |
% Rentals under Section 8 | 10.3% |
% Occupied Section 8 | 77.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $2,050 |
| 2 Bedroom | $70 | $2,340 | $2,410 |
| 3 Bedroom | $470 | $2,700 | $3,170 |
| 4 Bedroom | $390 | $3,200 | $3,590 |
Affordability — Aurora, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.3 |
| Median Home Price | $408,000 |
| Median Household Income | $143,000 |